SRM Concrete

(Smyrna Ready Mix Concrete)

1000 Hollingshead Circle Murfreesboro, TN 37129

People:

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SRM Concrete portfolio

$5.1 million* – industrial 100%; Queens 61%, Brooklyn 38%

3751th largest portfolio by dollar value

25,735 sqft – industrial 100%;

3825th largest by SF

2 properties – Brooklyn 50%, Queens 50%

3487th largest

Company Activity past 24 months:

Buyer company: 2 for $72.5 million

Borrower company: 2 for $51.5 million

Top Ten Associated Companies:

JPMorgan Chase (1), Almar Supplies (1), Ferrara Bros. Building Materials Corp. (1), Bank of Montreal (1)

Top Ten Associated People:

Rossana Bortone (1), Joseph J. Ferrara (1)

Recent activity as company:

SRM Concrete borrowed $39 million from Bank of Montreal for 120-05 31st Avenue, College Point, Queens on January 16, 2025.

• Ferrara Bros. Building Materials Corp. sold 120-05 31st Avenue, College Point, Queens for $60 million to SRM Concrete on January 16, 2025.

SRM Concrete borrowed $12.5 million from JPMorgan Chase for 9814 Ditmas Avenue, Brownsville, Brooklyn on October 07, 2024.

Almar Supplies sold 9814 Ditmas Avenue, Brownsville, Brooklyn for $12.5 million to SRM Concrete on May 03, 2024.

Properties:

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*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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